Shareholder Centre

Abbott can still save the car industry

The prime minister can stop Toyota from closing shop if he gives managers greater flexibility over workers and takes steps to boost competitiveness in parts manufacturing.

Tony Abbott has an opportunity no other post-war Australian Prime Minister has ever been given – he can transform labour efficiency in manufacturing by restoring managers’ ‘right to manage’.

And that opportunity comes as a result of the pending closure of Holden. Toyota wants to stay in Australia but the only way it can stay here is to have a viable automotive parts industry and to regain control if its own workforce.

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